Versant Capital Management Inc Grows Position in CRH plc (NYSE:CRH)

Versant Capital Management Inc lifted its holdings in CRH plc (NYSE:CRH) by 111.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 668 shares of the construction company’s stock after buying an additional 352 shares during the period. Versant Capital Management Inc’s holdings in CRH were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in shares of CRH by 168.7% during the 3rd quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock worth $2,049,000 after purchasing an additional 13,868 shares during the last quarter. LGT Group Foundation grew its holdings in CRH by 8,189.3% in the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after buying an additional 1,580,527 shares in the last quarter. M&T Bank Corp grew its holdings in CRH by 78.8% in the 3rd quarter. M&T Bank Corp now owns 49,825 shares of the construction company’s stock valued at $4,620,000 after buying an additional 21,962 shares in the last quarter. CWM LLC raised its holdings in shares of CRH by 91.2% during the 3rd quarter. CWM LLC now owns 4,064 shares of the construction company’s stock worth $377,000 after acquiring an additional 1,938 shares during the period. Finally, Boston Financial Mangement LLC acquired a new position in shares of CRH during the 3rd quarter valued at about $24,784,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CRH shares. HSBC started coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective for the company. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Barclays began coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. DA Davidson upped their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Truist Financial raised their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $106.42.

CRH Stock Up 0.6 %

Shares of CRH opened at $93.24 on Monday. CRH plc has a fifty-two week low of $65.74 and a fifty-two week high of $104.23. The company has a market cap of $63.33 billion, a P/E ratio of 18.65, a PEG ratio of 1.25 and a beta of 1.29. The firm’s 50 day moving average price is $98.04 and its 200 day moving average price is $89.39.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were paid a $0.262 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 22nd. CRH’s payout ratio is currently 21.00%.

CRH Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.